Orion Portfolio Solutions LLC reduced its holdings in Check Point Software Technologies Inc. (NASDAQ:CHKP – free report ) by 0.5% during the first quarter, according to its latest disclosure with the Securities and Exchange Commission. The firm sold 80 shares during the quarter and now owns 14,555 shares of the technology company. Orion Portfolio Solutions LLC’s holdings of Check Point Software Technologies stock were worth $2,387,000 as of the latest SEC filing.
Several other hedge funds have also recently modified their holdings in CHKP.Morningstar Investment Services LLC increased its holdings in Check Point Software Technologies by 98.5% in the fourth quarter. Morningstar Investment Services LLC now holds 970,634 shares of the technology company’s stock valued at $148.08 million after acquiring an additional 481,626 shares in the last quarter.Boston Trust Walden Corporation increased its holdings in Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corporation now holds 306,201 shares of the technology company’s stock valued at $46.784 million after acquiring an additional 218,403 shares in the last quarter. Norges Bank purchased a new holding in Check Point Software Technologies Inc. worth approximately $29.801 million in the fourth quarter. Boston Partners increased its holding in Check Point Software Technologies Inc. by 5.0% in the fourth quarter. Boston Partners acquired an additional 151,657 shares in the last quarter and now owns 3,204,519 shares of the technology company’s stock, valued at $489.7 million. Finally, Westwood Global Investments LLC increased its holding in Check Point Software Technologies Inc. by 15.0% in the fourth quarter. Westwood Global Investments LLC now owns 798,024 shares of the technology company’s stock, valued at $121.93 million, after acquiring an additional 104,082 shares in the last quarter. 87.62% of the stock is owned by institutional investors.
Check Point Software Technologies Stock Performance
Check Point Software Technologies Inc. shares opened trading at $170.49 on Friday. The company has a market cap of $19.25 billion, a price-to-earnings ratio (PE) of 23.68, a price-to-earnings growth ratio (PER) of 2.69 and a beta of 0.62. Check Point Software Technologies Inc.’s 52-week low is $125.68 and its 52-week high is $174.93. The company’s 50-day simple moving average is $159.18 and its 200-day simple moving average is $159.41.
Check Point Software Technologies (NASDAQ:CHKP – Get free report ) announced its latest earnings results on Thursday, April 25th. The technology company reported quarterly earnings per share of $1.72, in line with analysts’ consensus estimates of $1.72. The company had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had net margins of 34.33% and return on equity of 31.42%. Analysts expect Check Point Software Technologies to post earnings per share of $7.79 for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have offered opinions on CHKP. Mizuho reaffirmed a “neutral” rating on shares of Check Point Software Technologies Inc. and set a $160.00 price target on the stock in a research report on Wednesday, March 27th. Barclays increased their price target on shares of Check Point Software Technologies Inc. from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies Inc. in a research report on Friday, April 26th. Wedbush reaffirmed an “outperform” rating on shares of Check Point Software Technologies Inc. and set a $185.00 price target on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus lowered their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a hold rating, and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “hold” and an average target price of $169.18.
Get the latest research reports on Check Point Software Technologies
Check Point Software Technologies Profile
(Free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of products and services for IT security worldwide. The company offers multi-level security architecture, cloud, network, mobile device, endpoint information and IoT solutions. The company offers Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber attacks across a range of networks, endpoints, cloud, workloads, Internet of Things and mobile.
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